Michael Sondel - Sep 10, 2024 Form 4 Insider Report for ANALOG DEVICES INC (ADI)

Role
CAO (principal acct. officer)
Signature
/s/ Shelly Shaw, General Counsel, by Power of Attorney
Stock symbol
ADI
Transactions as of
Sep 10, 2024
Transactions value $
$0
Form type
4
Date filed
9/12/2024, 04:51 PM
Previous filing
May 29, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ADI Restricted Stock Unit Award $0 +1.97K $0.00 1.97K Sep 10, 2024 Comm Stock - $.16-2/3 value 1.97K $0.00 Direct F1
transaction ADI Performance-Based Restricted Stock Unit Award $0 +574 $0.00 574 Sep 10, 2024 Comm Stock - $.16-2/3 value 574 $0.00 Direct F2
transaction ADI Performance-Based Restricted Stock Unit Award $0 +901 $0.00 901 Sep 10, 2024 Comm Stock - $.16-2/3 value 901 $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Restricted Stock Units (RSUs) granted to the Reporting Person on September 10, 2024 vest in equal installments on the first, second, third and fourth anniversaries of August 15, 2024. Upon each vesting date, each vested RSU shall automatically convert into one (1) share of common stock.
F2 Each Performance-Based RSU represents the right to receive, following vesting, up to 200% of one share of common stock of the Company. The resulting number of shares of common stock of the Company acquired upon vesting of the Performance-Based RSUs is contingent upon the achievement of pre-established performance parameters relating to the Company's relative total shareholder return (TSR) performance against the TSR of a defined comparator group of companies, as approved by the Company's Compensation and Talent Committee, over a three-year performance period beginning on August 15, 2024 and ending on August 15, 2027, and vesting on August 29, 2027.
F3 Each Performance-Based RSU represents the right to receive, following vesting, up to 200% of one share of common stock of the Company. The resulting number of shares of common stock of the Company acquired upon vesting of the Performance-Based RSUs is contingent upon the achievement of pre-established performance parameters relating to the Company's financial performance, as approved by the Company's Compensation and Talent Committee, over a three-year performance period beginning on the first day of the third quarter of the Company's fiscal year 2024 and ending on the last day of the second quarter of the Company's fiscal year 2027, and vesting on August 29, 2027.